New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-20
ETHE PLANS FOR READING.
REORGANIZATION NEARLY FINISHED.


ray NEW BONDS AND THE INTERESTING FEATURES
OF THEIR DECORATIONS
he plans for OF the Philadelphia and
Reading Railroad Company being pushed rapidly to
eempetion and speedy termination of the recevcrship
a. expected Tho designs for the bonds have been
accepted and In about sixty days the bonds will be ready
for delivery. The Homer Lee Bank Note Company have
received orders to engravs 10000 800 general
mortgage per cent bonds. each carrying 1i0
coupons; 10000 $1,000 registered bonds and
1000 registered bonds of the denomination OF 5000
each. There will be engraved IL 600 81 900 first prefer
income; 10000 1000 second preference and
1880 II 900 preference bonds
seers,ary j. ID. Messner. of the Homer Lee Company.
showed his designs yesterday reporter Of THE TRB
Tie bonds will represent the highest advance
made in the art OF engraving railroad securities espec-
Tally In tho income issues On these the designer has
particularly endeavoed the engravers art to make
the bonds the handsomest Of the kind yet Issued
and spirit OF significance and poetry mas
been introduced into the designs not often seen IN
railroad issue There is a uniformity OF design COM
bined with noteworthy variety intended to be III mar
ony with the difference in precedence Of the three grades
OF the securities American Or modern, style mas
adopted for the first preference while that OF the
second preference is medieval. or Roman and mat OF
third preference Egyptian. or antique The three
classes in the order named will be printed In tlns OF
warm lumber. Payne's gray and soft green In the
design for the first preference bonds the American
idea is illustrated by the head OF Washington on two
bronze medall0ns which break the upright columns or
the two sides Of the portal. IN which Will
be the reading matter Other significant decorations are
grapes, pears apples and figs. representing American
fruits A handsome oakcn panel caps tho doorway. A
feature OF all the designs that the eeometea safety
lines are used so as to decorative features not
found in the usual bond and note borders OF saiey INES
For the second preference bond the style is medieval
with the Roman spirit woven through the design For
the bronze mcdaons of Washington in the first prefer
ence bond are replaced emblems OF Cesar with the
wreath lictors fasces and eagle but instead OF Caesars
head is the mono cram F. r." On the top piece.
gestiye OF the arena, lion and uger'
the lion holding in his paws Roman
banner flowing gracefully above the face of the cap
piece bearing the title OF the bond The top piece OF the
design is bas-reef of antique piece OF sculpture
1t is modified 50 present tie cure of Mercury.
from whose cap the wings have flown TO car-wheol by
his side emblenatc Of the speed OF the modern messe
ger of traffic commerce In the distance Is loco
motive.
The most striking IN the antique design for the
third preference bonds is sphynx guarded oy Two
dragons Through all tine safety work OF this design Is
woven the Egyptian sunburst the rays Increasing rs
they diyerge from the centre Almost the only modern
feature Of tins designs Is two frames breaking
the columns of the portal On one IS represented man
with arms extended. giving the signal OF go theai
brake stop his train. Both figures were taken IRON
life Al the base Of the dess. are ca h oT Ih h
securities largely held. In ali OF the designs loco
motive is The of the decorations AT the base In
the American first preference style the locomotive II
going al fdl speed in the second or medieval the lNea
OF np,nre IS suggested by the locomotive emerging
from a tunnel while the antique or Egyptian style
adopted Tor the third preference bonl me
idea OF rest is embodied III the locomotive
ut full stop Each design il full of harmony III the
smallest detail with the spirit OF It's conception 80
There are striking features ia 1e design Ior inc
registered general nor bonds lnclu mig IN eccentric
Ia he cutting crescent enclosing circle ana cohVeh
tiOna leaf woven IN with an cilipse
there is handsome visneie on all the preference
bonds Ii consists group OF three figures. Justice
IN her right baud hOding sword ami hci Iel
n pair of scales; her left the figure OF science I'ie
with the uplftcd torch Of the Light OF KioWiese IN
her right ami a book in her left hand Inc Ie't
figure of the group is Art, male h-uIc
holding tablet in his let hand and pencil be wecn m
gers. ing his right arm vase one OF inc l,'-
of he decorations is the graceful way IN wllch
griffin npant made a part of the "P III the utIe
Z. Philadelphia and Reading =" on tho registered general
mortgage bond Apecuar safety TIM has been introduced
in the registration blank on the back OF the pnnl> IN
order battle connicrfecrs In these bonds the sHey
lathe work has the first time been made ds hciVe
feature of decoration and remuneration, beids SnD-
serving its orr gnsl purpose OF increasing the dicuy
OF cOunterfeitinS.